Morpho launches fixed-rate lending protocol Midnight on Base

Odaily Odaily星球日报讯 Decentralized lending protocol Morpho announced the official launch of Midnight, a fixed-rate, fixed-term lending protocol, on the Base network, aiming to introduce traditional credit market models into the on-chain financial ecosystem and further expand the on-chain credit market.

Midnight was first disclosed in May of this year. With this public launch, it will complement Morpho's existing floating-rate lending protocol, Morpho Blue, providing users with fixed-rate lending options. (The Block)